Ginnie Mae permits the use of eSignatures and remote online notarization for loan-modification agreements on paper mortgages. The agency received a thumbs-up from Mortgage Industry Standards Maintenance Organization.
The FHA Mutual Mortgage Insurance Fund ended fiscal 2021 with a capital ratio of 8.03%, more than four times its statutory minimum. As anticipated, the industry wants FHA to follow up with premium cuts.
Attorneys are urging companies to communicate how workers must comply with mandates for COVID-19 vaccinations or testing following an emergency temporary standard from the Occupational Safety and Health Administration. The OSHA mandate faces challenges in federal court.
Fewer small-dollar mortgages over the past 20 years kept many low-income consumers from entering the homebuying market, according to participants at a webinar hosted by New America.
The structured finance industry discussed the effectiveness of return-to-workplace policies during a recent workshop organized by the Structured Finance Association.
Transitioning borrowers from COVID-related forbearance to a loan modification or other resolution entails time-consuming and detailed work, Federal Reserve Governor Michelle Bowman warned.